SML: Food business gaining momentum - By Sherman Research

  • By: Sherman Securities (Pvt.) Ltd.

  • - Published: Wednesday, 04 January 2017
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<p></p><ul><li><span style="font-size:medium;">Shakarganj Limited (SML) is one of the few stocks which remained in the limelight during last couple of trading sessions. The stock has gained an impressive 27% in the last seven trading sessions. We believe the current rally is largely on the back of untapped value of its food business specially after recent takeovers by foreign investors in Pakistan&rsquo;s growing consumer sector.</span></li></ul><ul><li><span style="font-size:medium;">The company owns 49.2% stake (74.65mn shares) in Shakarganj Food Products limited (SFPL) which is 5th largest company in Pakistan in UHT milk segment. The company has diverse food portfolio in dairy and juice segment. Good milk is a famous brand of the company. Crescent group is the major shareholder of the company having 36% holding.</span></li></ul...

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